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  1. State to close 31 GW at small power plants

    Posted Feb 05th 2009, 12:00am by Eric Ng

    ... Securities News as saying during the meeting. Large modern plants utilise more efficient technology. For example, the 1 GW generation units installed at Huaneng Power International's Yuhuan ... Energy efficiency enhancement in the power sector, which contributes three-quarters of energy production, is key to attaining the country's goal to cut energy consumption per unit ...

    http://www.scmp.com/article/668859/state-close-31-gw-small-power-plants
  2. Changan Auto to get Avic unit stakes in shake-up

    Posted Nov 11th 2009, 12:00am by Kandy Wong

    ... Kandy Wong Two big state-owned military suppliers, Chongqing Changan Automobile and Aviation Industry Corp (Avic), yesterday agreed to restructure their vehicle units, part ... yuan (HK$81.2 billion) after the merger. Changan Automobile and Avic had combined vehicle sales of 1.53 million units in the first 10 months, which surpassed No 3 vehicle maker Dongfeng Motor ...

    http://www.scmp.com/article/697974/changan-auto-get-avic-unit-stakes-shake
  3. Shanghai Media separating news unit to pave way for funding deals

    Posted Oct 22nd 2009, 12:00am by Staff Reporter

    ... and business units as Beijing loosens some of its strict censorship on the broadcasting sector. The mainland's second-largest media conglomerate would be the first major state-owned media group ... sector.' After the restructuring, Shanghai Media will become a for-profit holding company. It would own the non-news media production, advertising, distribution and investment units and be able ...

    http://www.scmp.com/article/696158/shanghai-media-separating-news-unit-pave-way-funding-deals
  4. HSBC card unit expects tough conditions in US

    Posted Apr 01st 2009, 12:00am by Staff Reporter

    ... Wong Ka-chun HSBC Holdings' credit card unit in the United States was expected to face a difficult environment over the next two years because of deteriorating economic conditions ... have to think about it again ... Unless there is a further deterioration in assets, the unit could ride out the storm,' he added. HSBC said the US card business was profitable last year ...

    http://www.scmp.com/article/675422/hsbc-card-unit-expects-tough-conditions-us
  5. Shaanxi merges three steel mills into one unit

    Posted May 13th 2009, 12:00am by Carol Chan

    ... with similar mergers in Hebei and Shandong provinces last year that were part of the State Council's plan to speed up consolidation of the industry. However, as Shaanxi was a small steel-making ...

    http://www.scmp.com/article/680128/shaanxi-merges-three-steel-mills-one-unit
  6. Lenovo restructures into two units

    Posted Mar 27th 2009, 12:00am by Staff Reporter

    ... of the Europe/Middle East/Africa division, will now head the mature markets unit, based in Paris. This group includes the United States, Canada, Japan, Israel, Australia, New Zealand, western Europe ... The world's fourth-largest supplier of personal computers is being reorganised into two new business units: mature markets and emerging markets. 'Our goal is to create a faster, more streamlined ...

    http://www.scmp.com/article/674800/lenovo-restructures-two-units
  7. AIA says Asia units not part of AIG sale plans

    Posted Oct 06th 2008, 12:00am by Carol Chan

    ... insurance and retirement operations in the United States, Europe, Latin America and Japan to repay an US$85 billion US government loan. But if it proved possible, it planned to retain a majority ... to be interested in AIG's three life insurance units in Japan. Chan Ka-keung, the Secretary for Financial Services and the Treasury, said the government would keep an eye on AIA's assets ...

    http://www.scmp.com/article/655218/aia-says-asia-units-not-part-aig-sale-plans
  8. Partners in talks to split China United assets

    Posted Jul 30th 2008, 12:00am by Eric Ng

    ... Eric Ng China National Coal Group, parent of listed China Coal Energy, is in talks with PetroChina on splitting the assets of their joint venture, China United Coalbed Methane, due to disagreements on the venture's development, says China Coal chairman Jing Tianliang. The decision was revealed after Beijing late last year announced it would cancel China United's exclusive ...

    http://www.scmp.com/article/647110/partners-talks-split-china-united-assets
  9. HSBC sets aside US$3.29b for US finance unit

    Posted May 13th 2008, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings made an impairment charge of US$3.29 billion for its consumer finance unit in the United States in the first quarter but the management stopped short of saying ... can't say whether its provision has peaked until the US market improves,' he said. At the US unit, the mortgage business with loans more than two months overdue increased to 12.5 per cent ...

    http://www.scmp.com/article/637378/hsbc-sets-aside-us329b-us-finance-unit
  10. Air China to slash spending as revenue remains flat

    Posted Apr 22nd 2009, 12:00am by Charlotte So

    ... Charlotte So Air China will cut capital expenditure by as much as 30 per cent this year as a rebound in domestic demand in recent months failed to boost revenue amid the global recession. Executives at the Beijing-based airline said they hoped the discoun ...

    http://www.scmp.com/article/677668/air-china-slash-spending-revenue-remains-flat

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